House Democrats want tax hikes that are ‘a little less aggressive’ than those proposed by President Biden

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TaxWatch

Last Updated: Sept. 14, 2021 astatine 10:49 a.m. ET First Published: Sept. 14, 2021 astatine 5:49 a.m. ET

‘This is simply a beardown denotation of the absorption Congress volition beryllium going successful taxation policy,’ 1 adept said

Rep. Richard Neal, a Democrat from Massachusetts and president of the House Ways and Means Committee. The Ways and Means Committee has released a taxation hike connection that could beryllium 'a beardown denotation of the absorption Congress volition beryllium going,' 1 perceiver said.

(Photo by Drew Angerer/Getty Images)

Democrats privation affluent Americans and corporations to wage higher taxes successful bid to assistance concern a $3.5 trillion fund that includes paid household leave, kid attraction and different societal spending programs.

That’s according to proposals released by the House Ways and Means Committee connected Monday. The influential radical of lawmakers suggest a hike successful capital-gains taxes and different taxation codification tweaks that would question to cod much from wealthiness taxpayers — but that are little melodramatic than taxation hikes projected by President Joe Biden, experts say.

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